The Pan Niger Delta Forum has commended President Bola Tinubu over the signing of a 15-year gas supply agreement for the proposed UTM Floating Liquefied Natural Gas project.
The forum, in a letter by the National Chairman, Dr Godknows Igali, and addressed to the President, described the deal as a major milestone that would accelerate industrialisation and economic development in the Niger Delta.
The Wet Gas Sale and Purchase Agreement was executed by the NNPC/Seplat Energy Joint Venture and UTM FLNG Limited.
The agreement is expected to provide the gas feedstock required for the project and remove one of the major outstanding issues ahead of its Final Investment Decision.
PANDEF said the multi-billion-dollar project, which is to be located offshore Akwa Ibom State, would stimulate economic growth across the Niger Delta and the country.
According to PANDEF, the project would usher Nigeria into a new era of gas-based industrial development
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